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After $8.2B loss forced Bitcoin sales, Michael Saylor gives Strategy to September to repair broken dividend engine

Michael Saylor’s Strategy (formerly MicroStrategy) is targeting a September recovery for its STRC preferred stock as the company seeks to revive the financing channel behind its goal of doubling Bitcoin per MSTR share within seven years. The plan follows a second quarter that demonstrated Strategy’s growing exposure to Bitcoin’s price swings. The company reported an […]

CryptoSlateCryptoSlateOluwapelumi Adejumo31 Jul

Robinhood’s crypto revenue plunged 38%, but a sudden explosion in options trading saved its record quarter

Robinhood's crypto-related transaction revenue in the fourth quarter of 2024 generated $358 million of the company's $672 million in transaction-based revenue, about 53% of the total. That concentration had flipped by the second quarter of 2026, when crypto revenue fell 38% year over year to $100 million and accounted for just 12.9% of transaction-based revenue. […]

CryptoSlateCryptoSlateGino Matos31 Jul

Morgan Stanley Ethereum and Solana ETFs outperform rivals as second-day inflows reach $33 million

Morgan Stanley’s new Ethereum and Solana exchange-traded funds drew $33 million on their second trading day, outperforming larger rivals and giving the Wall Street firm an early foothold in two increasingly competitive markets. The Morgan Stanley Ethereum Trust, trading under the ticker MSSE, attracted $14.03 million on Wednesday, while the Morgan Stanley Solana Trust, or […]

CryptoSlateCryptoSlateOluwapelumi Adejumo30 Jul